Manage credit notes

TABLE OF CONTENTS

• Why do we need to manage Credit Notes?
• How to manage Credit Notes?
  • Method 1
    • Create Credit notes from New Purchase Returns
    • Settle/Adjust a Credit Note
  • Method 2
    • Create Credit Notes using Voucher
    • Adjust the credit note (voucher) while making payment to the distributor
• FAQs

Why do we need to manage Credit Notes?

• Many distributors don't pay for returned supplies in cash. Instead, they adjust the amount in their new supply bill.
• So it's necessary to create a credit note to adjust the return amount in the next bill.
• It'll show an entry of any product returned from the system in the product ledger so that your Inventory is also managed accurately.

How to manage Credit Notes?

Method 1

Create Credit notes from New Purchase Returns

Settle/Adjust a Credit Note

Method 2

Create Credit Notes using Voucher

Adjust the credit note (voucher) while making payment to the distributor

FAQs

1. From where can I create credit notes?
   • You can create a credit note while generating a purchase return or you can create a credit note from the distributor's profile page.
     
     
2. Can I adjust the credit note partially?
   • Yes, you can write down the amount you need to adjust from a credit note and it will be adjusted partially.

Videos: